11/29/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More

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  11/26/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that ... More

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  11/25/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More

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  11/14/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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BMO economist predicts homeowners can absorb higher mortgage rates ... More

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  11/6/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on Wednesday, ... More

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  11/4/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More

Real Estate & Mortgage News

  10/24/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, mortgage ... More

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  10/9/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall housing ... More

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  9/22/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More

Real Estate & Mortgage News

  7/17/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in ... More

Real Estate & Mortgage News

  7/11/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest rate ... More

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  6/19/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More

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  6/19/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More

Real Estate & Mortgage News

  5/29/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

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  5/22/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

Real Estate & Mortgage News

  4/16/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More

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  3/13/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More

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  1/25/2024 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More

Real Estate & Mortgage News

  12/27/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 ... More

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  12/13/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Real Estate & Mortgage News

  12/11/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer deselection at renewal” as part of its efforts to slow its mortgage ... More

Real Estate & Mortgage News

  11/23/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September. ... More

Real Estate & Mortgage News

  11/21/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ... More

Real Estate & Mortgage News

  11/15/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More

Real Estate & Mortgage News

  11/9/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More

Real Estate & Mortgage News

  10/31/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

Real Estate & Mortgage News

  10/7/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More

Real Estate & Mortgage News

  9/14/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Real Estate & Mortgage News

  8/6/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ... More

Real Estate & Mortgage News

  7/26/2023 | Posted in Mortgages and Real Estate by Adam Campoli
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More

Real Estate & Mortgage News